The SEC charged Pennsylvania's capital city Monday with making misleading public and financial statements.» Read More
*Core U.S. retail sales rise 0.5 percent in April. *Yum Brands falls as monthly Chinese sales drop. NEW YORK, May 13- U.S. stocks were mostly flat on Monday as investors paused following a rally that took indexes to record highs, though a strong read on retail sales limited declines and the Nasdaq ticked up on a rally in Netflix.
VALLEY FORGE, Pa.-- AmerisourceBergen has sold its pharmaceutical packaging business, AndersonBrecon, to an investment group led by health care investor Frazier Healthcare. AmerisourceBergen Corp., a prescription drug distributor, said last month that it had agreed to sell the unit.
LOS ANGELES, May 12- Disney's ABC network will become the first broadcast network to stream its shows live online through an ongoing service, starting with viewers of its TV stations in New York and Philadelphia on May 14 and expanding to its other stations by the end of the summer.
DETROIT, May 12- Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term debt at $15 billion, $2 billion worse than figures disclosed before he took the job.
PITTSBURGH-- A boom in natural gas drilling in Pennsylvania is generating billions of dollars for companies and private landowners, but some experts question whether the state's low effective tax on the bounty makes long-term sense. Unlike most leading oil and gas producing states, Pennsylvania doesn't link fees to how much gas comes out of the well.
*Indexes on track for third straight week of gains. NEW YORK, May 10- U.S. stocks traded mostly flat on Friday as a sharp drop in commodity prices hit energy and materials shares, though the S&P 500 drew support from Priceline's earnings-related gain.
YORK, Pa.-- Dentsply International Inc. said Thursday its net income rose 35 percent in the first quarter, but the dental products company lowered its estimates for the full year. Shares of Dentsply lost $1.89, or 4.3 percent, to $42.31 in midday trading. Costs related to the $1.79 billion deal weighed on Dentsply's first-quarter results in 2012..
WASHINGTON-- The Senate rejected an effort Wednesday to expand the use of firearms on some of the nation's most frequently visited federal lands, handing gun control advocates a modest success.
BRYN MAWR, Pa.-- Aqua America Inc. said Thursday that its board approved a 1.5- cent, or 9 percent, increase to the water utility's quarterly cash dividend. The equivalent quarterly dividend rate after the stock split would be 15.2 cents on the increased number of shares resulting from the stock distribution, Aqua America said.
NEW YORK May 8- The spread between Brent and U.S. crude oil futures narrowed sharply in the last half hour of trade on Wednesday fueled by expectations for increased capacity to funnel rising U.S. crude oil production out of benchmark-supply-point Cushing.
WASHINGTON, May 8- A U.S. House of Representatives panel advanced a bill on Wednesday on how the federal government should track prescription drugs as they move through the distribution chain, over the objections of some Democrats who said the proposal did not go far enough to ensure safety.
CONSHOHOCKEN, Pa.-- Quaker Chemical Corp. said Wednesday that it is increasing its quarterly dividend by 2 percent. The specialty chemical company said its new dividend of 25 cents is payable on July 31 to shareholders of record as of July 17.
*Share buyback program $500 million. May 8- Delta Air Lines Inc plans to return $1 billion to shareholders over the next three years, starting with its first dividend in a decade and a $500 million share buyback program, the company said on Wednesday.
HARRISBURG, Pa.-- The latest stop for a Republican-penned bill to limit insurance coverage of abortions sparked an angry debate Tuesday among senators, reviving arguments over President Barack Obama's health care law and the case of a Philadelphia abortion doctor accused of killing a patient and four babies.
NEW YORK-- Two early casts from Auguste Rodin's masterpiece "The Gates of Hell" have sold for a total of more than $16 million at a New York City auction. "The Thinker" sold Tuesday for $15.3 million, a new record for the figure. Sotheby's hasn't said who bought it.
NEW YORK, May 8- When Barbara Grover and her husband received an inheritance they were not expecting five years ago, they planned a luxurious family trip. Rather than plowing the money back into retirement savings, the Grovers took their two daughters as well as their spouses and children along on an eight-day safari in Tanzania.
May 7- U.S. power company FirstEnergy Corp said on Tuesday it hired an adviser and started implementing its plan to sell up to 1,240 megawatts of unregulated non-core hydro generation assets.
NEW YORK, May 7- Brent crude oil fell more than $1 on Tuesday after nearly reaching a month's high, as weak fundamentals curbed early gains spurred by strong German data and tension in the Middle East.
LONDON, May 7- U.S. coal miners have been among the biggest victims of the shale revolution and tougher emission controls on power plants. U.S. coal miners produced about 1,016 million short tons last year, down just over 7 percent from 1,094 million tons a decade earlier, according to estimates published by the U.S. Energy Information Administration.
*The SEC has put local government officials on notice that it is closely monitoring the way they describe their cities' fiscal health, charging Harrisburg, Pennsylvania, with securities fraud for allegedly failing to disclose information on its financial troubles.